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with closing bell. be right back. >>> time now for going global europe. >> hello i'm carolyn schull ber, stories we are watching in europe tomorrow. uk-based ship designer arm holdings posts fourth quarter results. we will find out how has the tech giant performed in an uncertain global economic environment? and set town veil 2011/2012 numbers for bskyb. how has it held up? bring you the analysis of the numbers. tune into cnbc world to camp all the action overseas. at cnbc european headquarters, i'm carolyn show ber, going global with your money. and so is having a trusted assistant. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above and still pay the mid-size price. here we are... [ male announcer ] and there you go, business pro. there you go. go national. go like a pro. all of a sudden, when you have been making them with somebody else for 35 years. i guess there is something in me that has always been strong. i've always gotten through some pretty rough stuff without falling to pieces. ♪ ♪ hyu
of predicting which direction the market will move. carolyn broaden, the fabulous technician runs fibonacciqueen.com looked at the average of the 5 s&p 500 for us since the market peaked in 2007. the results are pretty staggering. the chart includes both gold ebb crosses above the 200-day, and deaths kroes where it goes below the 200 day and we get the full balance here. since the 2007 top, the cross overs have created big up or down moves in the s&p 500, four out of five times. guys, that's too many just to be circumstantial or coincidental. first it was a negative death cross, in december 2007 and at first we saw an extended, horrible decline that you this to avoid, right? all of the way through until the generational low in march 2009. second, was there a golden cross in june of 2009 which was followed by a healthy rally all of the way into the april 2010 high. so far so good. third, another death cross in early july of 2010, this one fooled people. it didn't work. instead the s&p actually rallied 118 points from the july 1st low before we saw a bit of a decline and not enough to take out the
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